The company plans to produce 105,000-115,000 ounces of gold in 2018, including the March quarter.It produced 18,785oz of gold at an average grade of 2.96g/t during the three-month period, with 9,912oz poured in March alone.Total ore processed during the period was 238,628 tonnes at a recovery rate of 96.1%.The company completed construction of the plant and commissioning in late 2017 at an $88.5 m...Read More

(Kitco News) - The U.S. Federal Reserve is likely to scale back its planned rate hikes by yearend, providing a powerful tailwind for gold, according to a recent report from Sprott Asset Management.“Fed policy reversal would be the final component of a potent combination of fundamentals which has been developing in gold’s favor during the past several quarters,” the report said.Th...Read More

Andalas Energy and Power Plc (LON:ADL) shares were down as the AIM-quoted firm announced a North Sea oil acquisition - picking up a 14% interest in an explorer with a stake in a 2018 well - and at the same time it is raising new equity to fund the deal.It is issuing ?600,000 worth of new shares at a price of 0.017 per share, and additional shares are also being issued as part of the deal consider...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday the demilitarized zone between North and South Korea would be an excellent venue for his planned summit with North Korean leader Kim Jong Un but that Singapore was also a possible site.Trump’s comments at a news conference with visiting Nigerian President Muhammadu Buhari suggested the Peace House on the DMZ, where Kim met Sou...Read More

RAPAPORT... India's polished-diamond exports grew 8% in March, accordingto data the nation's Gem and Jewellery Export Promotion Council (GJEPC)released Friday. Shipments increased to $2.03 billion year on year for themonth, with the volume of exports falling 8% to 2.8 million carats, the GJEPCfigures showed. The average price of exports jumped 18% to $721 per carat. Polished imports slumped 34% t...Read More

Gold sold in the March quarter was 119,976oz at all-in sustaining costs of A$1,075 per ounce, taking year-to-date sales to 387,254oz at AISC of $1,053/oz.The company narrowed full-year guidance to 540,000-560,000 from 525,000-575,000oz, with AISC guidance left unchanged at $1,000-1,050/oz.June quarter production is expected to jump to 150,000oz of gold."They say the journey is better than the arri...Read More

(Kitco News) - Commodity prices, particularly gold and oil have jumped higher Monday after Israel's Prime Minister Benjamin Netanyahu said that Iran ran a secret program to produce nuclear weapons.In a speech on Monday, Netanyahu released thousands of pages of documents, which he said were copied from a "highly secret location" in Iran that detailed an effort to build nuclear arms.He sai...Read More

Higher crude prices are obviously good news for Big Oil but it is not necessarily that simple for investors in BP PLC (LON:BP), which like rival Royal Dutch Shell, has many more moving parts.Shell shares were on the back foot after its first-quarter results last week as crude strength didn't translate directly to free cash flow.Morgan Stanley analysts, in a recent note, said they expected BP's fir...Read More

MEXICO CITY (Reuters) - The latest U.S. proposal to redraw auto sector rules under a revised North American Free Trade Agreement (NAFTA) is not acceptable and not viable, the head of Mexico's automotive industry association (AMIA) said on Monday.AMIA President Eduardo Solis said the U.S. proposal sought to raise the regional automotive content requirement to 75 percent, from 62.5 percent now, and...Read More

Copper Carry – BUY Copper JUN at CMP 453 Add more at price 451 with SL 449.60 for Target 457 -458AFTER POST CONTENT Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for March Personal Income was an increase of 0.4% versus a gain of 0.4% in February. Actual was an increase of 0.3%. Consensus for March Personal Spending was an increase of 0.2% versus a g...Read More

(Kitco News) - Gold and silver prices were moderately down in early afternoon trading Monday. However, both markets were well up from their daily lows to begin to suggest the bears are now exhausted from their recent downside assault. Early on today gold sank to a two-month low and silver dropped to a five-week bottom. The recent solid rally in the U.S. dollar index continues to curtail buying int...Read More

(Reuters) - Wall Street dipped on Monday afternoon, reversing gains from earlier in the session, weighed down by healthcare stocks, while surging oil prices added to worries about rising costs for companies.Oil prices rallied after Israeli Prime Minister Benjamin Netanyahu said that Iran had lied about not pursuing nuclear weapons and had continued to preserve and expand its nuclear weapons knowle...Read More

The Ross Beaty-chaired company said on Friday that its Huaron operations had been suspended since Tuesday due to road blockades by the Huayllay community.Read More

Nickel Carry – BUY Nickel at CMP 916 for Target at price 926 – 932 with SL below price 907AFTER POST CONTENT Read More

NAYPYITAW (Reuters) - Myanmar’s government leader Aung San Suu Kyi met with United Nations Security Council envoys on Monday over the plight of nearly 700,000 mainly Rohingya Muslims who fled to Bangladesh amid a military crackdown, pledging to investigate any credible accusations of abuse, said diplomats who attended the meeting.During the nearly hour-long meeting, Suu Kyi, a Nobel Peace Pr...Read More

(Kitco News) - Rising U.S. inflation could prompt contrasting reactions among gold-market participants, Mitsubishi pointed out in a report Monday. Rising costs tend to mean higher Treasury yields that in turn underpin the U.S. dollar, thereby hurting gold. Yet, Mitsubishi also pointed out, there is also potential for some market participants to buy gold as an inflation hedge. “The week ahead...Read More

Core PCE Price Index m/m: prior 0.2% Exptd 0.2% Actual 0.2%Personal Spending m/m: Prior 0.2% Exptd 0.4% Actual 0.4% Neutral Data for Base MetalsPersonal Income m/m: Prior 0.4% Exptd 0.4% Actual 0.3%Negative Data for base metalAFTER POST CONTENT Read More

RAPAPORT... US consumers are expected to spend 8% less on jewelry thisMother's Day, the National Retail Federation (NRF) said last week. Americans will shell out $4.6 billion on jewelry this year,compared with $5 billion in 2017, the trade organization predicted. Overallspending for Mother's Day will decline 2% to $23.1 billion, according to its projection. Even though sales are likely to drop, "t...Read More

According to Atlas Copco's financial figures for the three months to March 31, Epiroc enjoyed an 18% growth in orders received compared with the same period in 2017.It also had an 11% jump in revenues to 8.2 billion Swedish krone (US$945 million) and a 7% rise in operating profit to SEK1.5 billion. The reported operating profit includes SEK95 million in one-time costs related to the split and the...Read More